Nigeria’s Small and Medium Enterprises Development Agency says poor coordination of government agencies is hampering the growth of micro, small and medium enterprises in the country.

The agency said Nigeria’s growth and development rests squarely on a functioning and efficient MSME sub-sector.

SMEDAN Director General Dikko Radda said them on Friday in Abuja during the training of trainers workshop for the implementation of a new national MSME policy 2021-2025.

The training was part of the coordination mechanism provided by the Investment Climate Reform Mechanism on the effective implementation of the policy.

Radda said that despite the contribution of MSMEs to the Nigerian economy, it has become increasingly difficult for ministries, departments and agencies to work together to develop the sector.

He said: “Having an enforceable policy in place is essential, but its implementation is much more so. Over time, it has become very difficult for MDAs to work together to develop this very critical sub-sector.

“What has happened is that different MDAs are doing different things that border on MSME development without proper coordination.

“As an agency with a mandate to coordinate the development of MSMEs, it has become imperative that we find ways to galvanize the various key players in the NMSME field. ”

According to him, the aim of the policy is to create a platform to collaboratively address some of the fundamental challenges of the sector, including creating greater awareness of the policy at the local level.

Abuja Chamber of Commerce and Industry CEO Victoria Akai, represented by board member Amina Akai, described the national MSME policy review as a game changer for the environment for women. business.

Copyright PUNCH.

All rights reserved. This material and any other digital content on this website may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without the express prior written permission of PUNCH.

Contact: [email protected]